Marillyn Hewson gives $15 million to UA Culverhouse College of Business

Marillyn A. Hewson, chairman, president and CEO of Lockheed Martin Corp. gave $15 million to the Culverhouse College of Business at The University of Alabama. The donation is the largest one-time financial contribution in University history, the University announced Monday.

Last year, Hewson and her husband James made a $5 million commitment to the College to support the Marillyn Hewson Faculty Fellows Program in Data Analytics and Cyber Security, a high-tech data analytics and cyber security lab and an endowed undergraduate scholarship and graduate assistantship.

The Hewsons both graduated from The University of Alabama. Marillyn Hewson earned two degrees from Alabama including a bachelor's degree in business administration and a master's in economics. She is also a member of the Culverhouse College of Business Board of Visitors as well as a member of UA's President's Cabinet. James holds a bachelor's degree in communications.

"I am deeply thankful for the strong business education I received at The University of Alabama," said Marillyn Hewson. "That education helped prepare me for many of the challenges and opportunities I've encountered throughout my career - from the day I joined the company as an industrial engineer to my current role as CEO."

"This is a remarkable gift from a truly incredible, successful and compassionate couple," said UA President Stuart R. Bell. "Their commitment to and ongoing support of our Culverhouse College of Business reflects a confidence in the important teaching, research and service we do every day."

Details of the gift will be announced later this fall. It is subject to the approval of the Board of Trustees of The University of Alabama System.

Hewson has been recognized as No. 3 on Fortune magazine's"50 Most Powerful Women in Business" in 2017, a top 10 "Business Person of the Year" by Fortune and one of the "World's 100 Most Powerful Women" by Forbes.

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